• Carnival average ebitda margin for 2024 was 23.18%, a 156.98% increase from 2023.
• Carnival average ebitda margin for 2023 was 9.02%, a 113.56% increase from 2022.
• Carnival average ebitda margin for 2022 was -66.5%, a 94.83% decline from 2021.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.